• The SBP-DIC Offset ends in 2023

    From Jim_Higgins@gordian240@hotmail.com to alt.military.retired on Wed Aug 31 16:49:41 2022
    From Newsgroup: alt.military.retired

    Dear Retiree,

    As you may know, Congress made changes to the Survivor Benefit Plan
    (SBP) to phase out the offset for surviving spouses who are also
    receiving Dependency and Indemnity Compensation (DIC) from the
    Department of Veterans Affairs (VA).

    On January 1, 2023, the SBP-DIC offset will be fully eliminated. That
    means, beginning in 2023, SBP payments will no longer be offset
    (reduced) by DIC. Spouses will receive full SBP (issued by DFAS) and
    full DIC (from the VA).

    There is no action you need to take as a retiree for the changes to
    apply to your surviving spouse. However, you should check your RAS to
    ensure your SBP beneficiary is up to date. This is especially important
    if you have a former spouse. Find out more:
    https://www.dfas.mil/SBPforspouse

    Also, if your monthly premiums are not automatically deducted from your
    pay, you should ensure your account does not have unpaid monthly
    premiums. If you pass away with unpaid monthly premiums, this could
    cause hardship for your survivors. Learn more:
    https://www.dfas.mil/payforSBP

    For more details on the changes to SBP, see our special SBP-DIC News
    webpage: https://www.dfas.mil/sbpdicnews

    Sincerely,

    DFAS Retired & Annuitant Pay



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